This week’s global payments news takes us to Australia, the U.K., the Czech Republic, India and Hong Kong.
Australia’s ANZ Mobile Pay Opts For Visa Over MasterCard
Following a Visa-only deal announced from NAB Pay late last month, the ANZ move means double bad Australian bank moves for MasterCard.
Like all the other banks, (ANZ’s) mobile payment app – known as ANZ Mobile Pay, which is separate to its existing GoMoney app – will only work on Android phones at the moment as banks here are still in negotiations with Apple over its wallet offering,” said a report in The Sydney Morning Herald. “The bank’s customers can add American Express companion cards or Visa credit and debit cards to their smartphone.”
In The U.K., American Express Global Business Travel Reveals New Functionalities For Traveler Safety
American Express Global Business Travel’s new system promises to “locate all travelers worldwide, visualize which travelers are closest to a potential travel disruption and enables travel and risk managers to not only locate impacted travelers but also communicate with them in real-time. The GBT solution enables companies to communicate with traveller via SMS, email, or a mobile application, and prioritize aid to those travelers with the greatest need,” said an Amex statement.
The statement added: “By layering flight status and tracking information into the expert care platform and integrating it with traveler itinerary data, travel managers now have the information at their fingertips to be truly proactive in managing disruptions. They can use expert care to visualize all travelers on delayed or canceled flights, and communicate with impacted travelers over familiar channels with greater ease and speed than ever before.”
Czech Republic’s Worldcore Claims First EU-Regulated Using Voice Biometrics
The global payment platform is dubbing the audio authentication system VoiceKey.
“Worldcore as a trendsetter of the global payments industry, enabling this leading security measure to fight against fraud and simplify account access with up-to-date biometrics technologies,” says Alexey Nasonov, founder and CEO of Worldcore, in a statement. The statement added: “After opening a Worldcore payment account, the client records a voiceprint by saying one of phrases containing 10-12 syllables that are 3-4 seconds long. Such settings allow the user to provide us with enough information for voice analysis. Once voiceprint enrolment is completed, the user will be requested to say the approved phrase to access an account or confirm a transaction depending on enabled VoiceKey options.”
India’s Paytm Adding Staff
The company is funding a new operation—with a starting budget of Rs 400 crore—that is slated to start in March, according to a report in The Economic Times.
The company said it has hired “former Airtel executive Saurabh Sharma as vice-president and he will handle merchant and agent acquisition, a critical component for the payments bank business. Sharma was heading market operations for m-commerce at Airtel Money, part of the country’s largest telecom services provider Airtel, before joining Paytm,” the story said. “Following Sharma, Dhruv Dhanraj Bahl from Bain & Company will join the payments provider as assistant vice-president and will lead the branch designs and their roll out across the country. KMPG’s Neha Gupta is also set to join in a few weeks as deputy general manager to handle business operations, a mid-management position at the payments bank, the company said.”
WeChat Mobile Payments Introduced In Hong Kong
The latest attempt to merge social and payments is now available in Hong Kong, according to a story in Mobile Commerce Press.
“The idea behind the WeChat mobile payments features is that as consumers use the app, they can buy what they want without ever having to exit the application. Essentially, it means their mobile wallet goes where they do while they’re using their smartphone or tablet,” the story noted.